If approved, this measure authorizes the Laingsburg Community School District to renew an operating property tax levy of 17.4689 mills ($17.4689 per $1,000 of assessed valuation) for 10 years. The estimated first year revenue from this tax is $392,854.[1]

Text of measure

Language on the ballot:

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This proposal will allow the school district to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance and renews millage that will expire with the 2013 tax levy.

Shall the currently authorized millage rate limitation of 17.4689 mills ($17.4689 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Laingsburg Community Schools, Shiawassee and Clinton Counties, Michigan, be renewed for a period of 10 years, 2014 to 2023, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2014 is approximately $392,854 (this is a renewal of millage which will expire with the 2013 tax levy)?[1][2]